$75 Million Hacker Attack on 60 Banks: Do You Trust Online Banking?

I still pay my bills through the Postoffice

I've been banking online ever since it was introduced and have NEVER had a problem

I do because I have the record of it right there in front of me and when I find something wrong I just print it out and go to the bank.I have been refunded a few times on things they didnt catch but I did

I don't trust online anything. If I need to make a purchase, I do it with a pre-paid card loaded with only the money I need to pay for the purchase. Banking? I've heard too many horror stories. Man, if Obama doesn't steal it, the hackers will!!

i just rather go to the bank myself and do it

I don't have enough money to steal anyway. Lol

I don't trust banks period!

They are stealing people's homes!!!! They make fraudulent loans using our birth trust accounts without our permission!!!

But as usual, you people will ignore this!

America - Land of the Sheep and Home of the Slave!

I like that it is ALWAYS traceable. You have to have faith in the goodness of things as well or what is life..? I don't trust people so I keep my money in physical form under lock'n'key for the most part.

What choice do I have?

4% of the nations dollars exists in physical money... the remaining 96% or so is cyber/digital.

I really am not a fan of anything on line where my personal info could be stolen/hacked away.....

If it is available, switch to a Credit Union. They are governed by slightly different regs.

I have never use it and never will.

As I understand the Sky News story, money was stolen from the banks using the Internet. It wasn't just the accounts of online users that were affected. Seems this is just the modern version of walking into a bank with a gun and taking the money--it didn't really have anything to do with online banking.

Online banking is very convenient. However, you must check your account(s) every single day, and any abnormality should be reported immediately. You should also only have your accounts, those with which you pay your bills, at small, independent banks, which have much more control over transactions than the large banks.

A few weeks ago, someone in London (I'm in Texas) tried to use my debit card. My small bank discovered the attempted transaction immediately, informed me, and a new and different debit card was issued.

This is how the fraud seems to be working. Someone steals your debit card information ...many ways to do this, with an electronic device even while you are pumping gas ... not so much with a credit card.... They sell this info to someone else who makes a duplicate card... but before it is sold or used for big transactions, a test transaction for $10 or $15 is attempted. If that goes through, then you can imagine the rest of the story.

Excellent post. " Skimmers" are also used in restaurants and retail stores and ATMs. This is the primary reason I don't use a debit card. It only takes a few minutes to drain your account. Credit cards are another story. Fraud has been so rampant, the card isureres have stepped up their game. They track your spending habits. Last year, my card was denied at a gas station. When I called, they explained they had canceled the card through no fault on my end and would issue a new one. After sniffing about, I discovered someone had used my number to make calls to Nigeria. My wife was called about a restaurant charge in another state, one she has never visited.

Modern technology...the good, the bad, and the downright ugly.

Windows has constant "updates" to plug security holes and so many other built-in errors. Yet we've make Bill Gates the world's richest man? That while spending half our working time trying to make things work "our way".

No to online banking, ATM and Debit Cards.

It doesn't matter if the individual trusts or not . All the information travels from branch office, Atms and stores ,to main office , to government agencies , to accountants all over the internet and stored on servers scattered around the country.
Not using a home computer matters little , hackers don't waste time on home computers.

You're either banking online or you don't have a bank account .

Edit: spelling

The only thing I do online is purchase airline tickets, pay all bills with money orders, and deal in cash for everything else.

no